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Comment #4812800 by China Photo Daily

China Photo Daily Feb 24th 2016, 10:24 AM #

Good news for Cork but you’d have to worry about the trend of companies leaving the city centre for industrial estates in the suburbs. One Albert Quay looks great but across the river you have hundreds of feet of empty office space. My friend was working for Bord Gais and they were the last company to move out of a now completely empty office building a two minute walk away from One Albert.

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This €90 million development is planned for Cork city

This €90 million development is planned for Cork city

A statement by O’Callaghan Properties described the project as “potentially transformational for Cork”.

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    Favourite Cal Cryton
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    Feb 24th 2016, 10:36 AM

    Its most likely because the office’s they were in were outdated. Refurbish those offices and you’ll see them snapped up.

    77
    Favourite Hypernova
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    Feb 24th 2016, 10:40 AM

    Agree,and then there is Trinity Quarter and Sullivan’s Quay to start also.I hope that they have tenants for all these office blocks.What companies need to start up a European HQ ?.

    33
    Favourite Luke Kelly
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    Feb 24th 2016, 10:48 AM

    We had a company move out of Cork city in search of lower rent, and move on down to the Crossahaven road to an industrial estate just outside Carrigaline (a major satellite town). They spent 6 months there beofre having to move back into the city suburbs as the broadband was so poor they couldn’t use it to communicate effectively with their international clients. Employed 50 people.

    43
    Favourite W1K
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    Feb 24th 2016, 10:49 AM

    The same happened in Dublin from the 90s. Companies leaving central Dublin for new developments in the suburbs. The reverse is happening now. Companies want to locate in the city.

    31
    Favourite Hypernova
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    Feb 24th 2016, 11:31 AM
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    Favourite Tom Collins
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    Feb 24th 2016, 11:39 AM

    This was the same piece of land that the developer planned to build an events centre but lost out to the Beamish site. The problem with building office space within the city centre is more to do with the lack of sites as it is to do with the will to locate there. This is a nice start to the proposed and ever waited for Dockland Development plan. Having a building of this quality better serves to invite companies into the available lands adjacent to it.

    23
    Favourite Luke Kelly
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    Feb 24th 2016, 11:54 AM

    That particular spot on the quays is in need of redevelopment so I welcome it.

    29
    Favourite Random Flutist
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    Feb 24th 2016, 1:36 PM

    What about the elisian that 85% empty

    15
    Favourite Tom Collins
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    Feb 24th 2016, 2:34 PM

    Well this should help that no end.

    9
    Favourite Bill Dukelow
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    Feb 24th 2016, 3:23 PM

    @ Random – The Elysian is a residential building that never reduced their prices (Penthouses still circa €2M). This development is for much needed quality office space. The demand for One Albert Quay up the road was high and had almost sold out before the foundations were laid. This is a welcome development for progressing the regeneration of the docklands.

    24
    Favourite MAN UTD IRISH REDS
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    Feb 24th 2016, 4:34 PM

    There’s big company’s in cork like abtram Apple emc that need all there staff under one roof not spread all over the city in small office space these company’s are hiring thousands of people in cork, abtram have there staff in 3 locations in the city and they probably would like an office space like this

    7
    Favourite prop joe
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    Feb 24th 2016, 5:59 PM

    @ random It’s a joke. But if they rented or put on the market it would lower rents across the city centre. As long as FF and FG are in power this won’t happen.

    1
    Favourite Anthony P
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    Feb 24th 2016, 9:39 PM

    Was that not Horgans Quay?

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    Favourite Maire Ui Riain
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    Feb 24th 2016, 10:46 PM

    The offices the chap is talking about that Bord Gais were new state of the art offices……everybody fell out with the landlord.

    3

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